Sunday, February 14, 2010

Education Industry "A rising industry"

Education Industry "A rising industry"
The Indian Education Industry is in its development stage. Current public spending on education in India is 3.5% of GDP. The Central government accounts for 15% of the total expenditure while state government accounts for 85%. Today India's literacy rate stands at 61%.
The number of junior basic schools are highest in the country & there is a strong need to set up higher secondary schools as well as colleges with a focus on IT education. The government has set up many ICT schools but still more than 50% of the market is untapped which shows an opportunity for private players. Trained teacher's & student's ratio is very low which claims the need of training institutes.Indian Education System
Indian education system divides into two category.

The Indian education market is expected to grow at 11% over the next 10 years.

Pre-school, K-12 schooling & Higher Education will together represent 2/3rd of the market.

Multimedia in schools, child skill development , IT training & E-learning, preparatory & vocational studies are forecasted to grow in the range of 25% to 60% and will together represent 1/4th of the market.

1 comment:

yeh,thats great about your views on education industry.more for in this topic you miss the higher/graduate/post graduate education system.In my point of view they are a geeting a handsome income from commercialize education system.